Home Buying & Selling
Halifax house price index down five percent from peak
Today, the Halifax published their price index for April. It showed that house prices are down over 5 percent from their peak of autumn last year.
I also compared the Halifax’s seasonally adjusted data with the non adjusted counterpart. Since 2005, the seasonaly adjusted data has consistently understated the true level of price inflation. It missed the peak, but now also appears to be falling faster than non-seasonally adjusted prices.
Personally, I think seasonal adjustments are overused, particularly with data series like house prices. Recent data from the Halifax amply illustrate why we should be so skeptical of these kinds of adjustments.
UK house prices fall again
Today, the Nationwide put out their latest house price index. Prices are now down 4 percent from their October 2007 peak. Furthermore, prices are also down year-on-year.
Worst Selling Housing Market
Just got done reading this Forbes article which shows the top 10 worst selling housing markets. Guess which city made the list….Baltimore.